Consumer Electronics segment is Expected to Dominate the Global Light Sensors Market
Rising Demand for Consumer Electronics and Growing
Automotive Industry
are major factor attributable to the growth of the market.
According
to TechSci Research report, “Global Light Sensors Market - Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Light Sensors is
anticipated to project robust growth in the forecast period with a CAGR of 9.86%
through 2028. The factors driving the light sensors market include the growing
implementation of light sensor functions in consumer electronics, such as
smartphones and tablets. Also, advancements in the automotive sector, smart
homes, and outdoor lighting are expected to boost the growth of the light
sensors market. An increase in demand for sensors in the development of smart
cities and a surge in IoT technology is also expected to fuel the growth of the
light sensors market.
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Based
on End-user Industry, the Consumer Electronics segment is projected to dominate
the market throughout the forecast period. The consumer electronics sector's
expansion in the light sensors market has been propelled by the increasing use
of proximity sensors and ambient light sensors in mobile devices. Due to a
surge in the use of light sensors by the leading OEMs, including Samsung
Electronics Co., Ltd., APAC may present prospects for growth (South Korea). The
South Korean company Samsung Electronics Co., Ltd. is a significant player in
the market for light sensors. It has integrated light sensors into a variety of
product categories, including mobile devices like the Samsung Galaxy S6 and
Samsung Galaxy S6 edge, that carry out specific tasks like proximity detection.
Global
demand for smart gadgets, such as LED televisions, smartphones, and smart
lighting systems, has risen as a result of miniaturization and improvements in
sensor technology. Different sensor technologies and communication interfaces
are at the heart of these gadgets. The adoption of various sensors across
sectors is projected to increase with the advent of connected products and 5G
communication technology. Additionally, optical sensors are frequently employed
in both residential and commercial wearable electronics equipment.
Smartphones,
LCD/LED televisions, and laptops are some of the applications that are driving
the increase in demand for light sensor devices. As a result of the sensors'
ability to automatically adjust the screen brightness based on how much ambient
light these devices get, electricity savings are made possible. The control of
lighting utilizing various digital sensing components involving illuminance
detectors is another key emphasis of contemporary IoT lighting platforms. The
surge in the adoption of wearable devices and innovative applications in the
biomedical sector may boost the growth of the market. However, the extra costs
incurred due to the incorporation of sensors in devices and reduction in the
life of the device are expected to hinder the market growth.
Based
on Region, Asia Pacific emerged as the dominant player in the global market,
holding the largest market share. Asia-Pacific is expected to dominate the
light sensors market, owing to its larger population size and increasing demand
and production of smartphones and other consumer electronics. For instance,
according to India Cellular and Electronics Association (ICEA), the value of
mobile phone production in India increased from INR 1,700 billion in 2019 to
INR 2,149 billion in 2020. In 2021, the value totaled to INR 2,227 billion,
despite the impact of the coronavirus pandemic. An increase in the adoption
rate of handheld devices with inbuilt light sensors is also one of the key
factors contributing to the growth of the light sensors market in the region. With
an increase in the safety concerns among the consumers in the developing
economies, such as India and the ASEAN countries, the automobile manufacturers
are incorporating more sensors in low-cost vehicles. This is expected to drive
the demand for light sensors in the foreseeable future. Further, the growing
emphasis on the adoption of the latest technologies, such as the Internet of
Things (IoT), facial recognition, and government regulations in the emerging
economies to enhance security across various industry verticals are leading to
increased deployment of light sensors, which is, in turn, boosting the growth of
the industry in the region. The COVID-19 outbreak is also expected to impact
the growth of the Light sensors market share. Primarily due to the governments
in China, Japan, and Singapore starting to invest in the development of smart
cities. Furthermore, the widespread use of light sensors in scanners, Quick
Response (QR) codes, and intrusion detection systems (IDS) is driving market
expansion.
Key
market players in the Global Light Sensors Market are following:-
- AMS
AG
- Sharp
Corporation
- STMicroelectronics
NV
- Broadcom
Inc.
- Vishay
Intertechnology Inc.
- Apple
Inc.
- Elan
Microelectronic Corp.
- Everlight
Electronics Co. Ltd
- Maxim
Integrated Products Inc.
- Samsung
Electronics Co. Ltd.
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“The
global light sensors market is driven by several key factors. Firstly, the proliferation
of consumer electronics like smartphones, tablets, and laptops has led to
increased demand for light sensors to enable automatic brightness adjustment,
enhancing user comfort and energy efficiency. Secondly, the automotive
industry's rapid evolution toward advanced driver assistance systems (ADAS) and
autonomous vehicles relies heavily on light sensors for adaptive lighting,
improving road safety and driving market growth. Thirdly, the push for energy
efficiency and sustainability in smart homes and green buildings has fueled the
adoption of light sensors to optimize lighting systems, reducing energy
consumption. Fourthly, the healthcare sector utilizes light sensors in medical
devices like pulse oximeters and infusion pumps, ensuring accurate functionality
and patient safety. Lastly, the growth of the Internet of Things (IoT) and
smart city initiatives drives the incorporation of light sensors in various
applications, from environmental monitoring to street lighting, contributing to
market expansion. Overall, these drivers underscore the versatility and
importance of light sensors in modern technology and various industries.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
Light Sensors
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
Type (Ambient Light Sensing, Proximity Detector, and RGB Color Sensing, Gesture
Recognition, UV/Infrared Light (IR) Detection), Output (Analog and Digital),
End-user Industry (Consumer Electronics, Automotive, Industrial), By Region,
Competition 2018-2028 has
evaluated the future growth potential of Global Light Sensors Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Light
Sensors Market.
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